18-01846

Case Name
Norske Skogindustrier
Case Summary

1521(a)(7) precluding a foreign representative from bringing an avoidance claim under sections 544(b)(1) and 548 does not prevent a foreign representative from bringing avoidance claims under foreign law.  However, the safe harbor provisions of Sections 546(e) and 561(d) apply to foreign law fraudulent transfer claims. .  The date of recognition is deemed the date for the order for relief under section 108.  The tolling provision provides the foreign representative an opportunity to pursue claims in the U.S. bankruptcy proceeding.  Section 108 tolled nonbankruptcy claims arising under Norwegian law and prior to recognition of Norwegian liquidation.

Filing Date
Lead Case
No
Bankruptcy Code
Judge
Martin Glenn
Location
Contributor(s)
Name
Joanne Gelfand
Firm
Akerman LLP